Posts by Liam Redmond
Singtel in talks for Optus stake sale reportedly worth US$1.4 billion
The search for a minority investor follows a tumultuous period for the subsidiary [SINGAPORE] Singtel said on Thursday (Jul 30) it is in discussions with “interested parties” to sell a stake in its wholly owned Australian unit Optus, though the telco cautioned investors that a transaction is far from guaranteed. This comes after the Australian…
Read MoreSamsung posts over 250-fold rise in Q2 chip profit; sees chip shortage extending to 2028 due to AI boom
Published Thu, Jul 30, 2026 · 09:37 AM — Updated Thu, Jul 30, 2026 · 01:14 PM [SEOUL] Samsung Electronics said on Thursday (Jul 30) it expects chip shortages to worsen and extend into 2028, after it posted a more than 250-fold jump in chip profit, countering investor concerns that feverish AI spending by major…
Read MoreXavier Becerra ignored minors exposed to trafficking, claims gubernatorial rival Steve Hilton
Republican candidate Steve Hilton is escalating his attacks on rival Xavier Becerra, unveiling more bombshell allegations that the Democratic gubernatorial candidate dangerously mishandled thousands of migrant children who were held in the state. Video shared with The California Post shows the Hilton campaign talking to an anonymous whistleblower who claims she worked at the Pomona…
Read MoreAims Apac Reit posts 2.5% rise in Q1 DPU to S$0.02337
[SINGAPORE] The manager of Aims Apac Reit on Thursday (Jul 30) posted a distribution per unit (DPU) of S$0.02337 for its first quarter ended Jun 30, up 2.5 per cent on the year from S$0.0228. The distribution will be paid on Sep 23. Distributions to unitholders rose 3.4 per cent year on year to S$19.3…
Read MoreQualcomm gives tepid profit forecast in sign of phone woes
Published Thu, Jul 30, 2026 · 08:58 AM QUALCOMM, the largest maker of smartphone processors, gave a weak profit forecast for the current quarter, signalling that component shortages and rising costs are taking a toll on its main market. Earnings will be US$2.05 to US$2.25 a share in the period running through September, excluding some…
Read MoreStocks to watch: Singtel, Keppel, CDLHT, FEHT, CLI, Sheng Siong, Starhill Global Reit, Digital Core Reit, EGP Energy
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 30): Singtel : The telco on Thursday confirmed that is currently in discussions with “interested parties” for a stake sale in wholly owned Australian telco Optus, but emphasised that there is “no certainty or assurance that any transaction…
Read MoreDad of 10-year-old boy saved by heroic teen lifeguard speaks out on death-defying rescue
The teenage lifeguard who heroically saved a 10-year-old boy from pounding waves at a Santa Cruz beach revealed what spurred him into action — as the rescue victim’s father spoke out about being the lifeguard’s “biggest fan.” Dramatic video showed Ryder Williams, 16, plunging into powerful surf off Seabright Beach on Saturday to save the struggling…
Read MoreKeppel H1 net profit falls 59% to S$154.7 million on rig impairments, M1 deal fallout; shares close 4.3% lower
Group revenue rises 24.6% to S$3.8 billion; company points to 25% growth in core ‘New Keppel’ operations [SINGAPORE] Asset manager and operator Keppel on Thursday (Jul 30) reported a 59 per cent drop in overall net profit to S$154.7 million for the first half ended Jun 30, down from S$377.7 million a year earlier. The…
Read MoreFar East Hospitality Trust H1 DPS declines 8.4% to S$0.0163
[SINGAPORE] The managers of Far East Hospitality Trust (FEHT) on Thursday (Jul 30) posted a distribution per stapled security (DPS) of S$0.0163 for its first half ended Jun 30, down 8.4 per cent on the year from S$0.0178. This is because the prior-year period included distribution of other gains from the divestment of Central Square.…
Read MoreGold trims gain as Fed holds rates, signals hike support
The Federal Open Market Committee votes 9 to 3 to hold the benchmark federal funds rate in a range of 3.5 to 3.75% Published Thu, Jul 30, 2026 · 07:42 AM [NEW YORK] Gold pared gains after the Federal Reserve left interest rates unchanged as expected, while signalling that support for higher borrowing costs is…
Read MoreDSA radicals trying to centralize power by scrapping the Senate are completely ignorant of our history
The Democratic Socialists of America don’t like being called Communists, though many members might echo the sentiment of leftist influencer Hasan Piker when he says, “I don’t have an issue with an end goal of communism.” Yet however the group self-identifies, its agenda is openly revolutionary. Its plans call for, among other things, abolishing the…
Read MoreMeta gives lacklustre quarterly sales forecast; shares drop
Published Thu, Jul 30, 2026 · 06:37 AM META Platforms gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s unprecedented spending on artificial intelligence. The company said third quarter revenue will be US$61 billion to US$64 billion, with the mid line of that range below the average…
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